POSB pride themselves as being neighbours first and bankers second. And it’s true. Because Singaporeans have always treated POSB better than even their real neighbours. Otherwise, why are all of us lending POSB our hard-earned cash for no interest at all?! (Sorry, but I am not willing to factor in that abysmal 0.05%)

Furthermore, besides offering the lowest interests, their ATMs and bank branches are always packed with people. Yet most Singaporeans (including me) continue to have an account with them and queue patiently for the services. Luckily for us, POSB has finally decided to reciprocate our kindness and faith towards them. In these recent few months, this banker next door has introduced two wonderful products catered specially for the man on the street: POSB HDB Loan and POSB Invest-Saver.

POSB HDB Loan

When I told my friends/cousins/neighbours/dogs that I was going to take the HDB Concessionary loan (at 2.6%, 0.1% above the CPF OA rate) for ...